Former Denny's Restaurant - Norton Shores, MI

Retail-Commercial for Sale
Catylist Listing ID: 30428847
Property Subtypes: Restaurant
Building Size (RSF): 5,522 SF
Gross Land Area: 1.54 Acres
Sale Price: $325,000
Unit Price: $58.86 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Former Denny's Restaurant in Norton Shores, MI
Usable Size (USF): 5,522 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/19/2021

Overview / Comments

PRICE REDUCED! $325,000 Cash

Standalone retail facility - recently vacated by Denny's Restaurant. The property is positioned in a commercial setting immediately south of Muskegon and north of Grand Haven. Highly visible from the heavily traveled Business US-31. Easily noticed pylon signage. Approximately 3 miles from the US-31 and I-96 interchange.

Lease Rates: $15.00 PSF/YR/NNN

Booths, hoods and walk-in cooler included in price of sale.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Norton Shores
Tax ID/APN: 61-27-630-001-0007-00
Retail Clientele: General, Family, Traveler
Property Located Between: Airlilne Highway / Business 31 and Seaway Drive
Property Visibility: Excellent
Largest Nearby Street: Business US-31
Traffic/Vehicle Count: 28,426
Highway Access: Located directly on Business US-31 Less than 3 miles from US-31 and I-96 interchange
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1979
Parking Type: Surface
Parking Description: Ample parking on four sides of building, including door front parking
Zoning Description: C-2, Commercial General / Retail

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,360 63,460 104,594
Median Age: 34.81 37.11 37.42
Households: 2,690 23,654 40,234


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